The location of the end of the brake lever is coincidental and has nothing to do with proper placement of the brake hood. You want the area where the palm rests to either be horizontal, or angled upward just a few degrees.

Always adjust the bars first, so the hook portion is angled as desired, for comfort when the hands are in the hooks, then position the brake hood. This is most important with "anatomic" bends that do not have the traditional round-bend in the hook area.

I've used a lot of different bars in the last 10 years and always had the end of the brake lever far above the bottom of the bars. Most recently, I've used the Easton EC90-SLX3 short reach bars.